Tax Titans: Lagos Generates ₦2.75 Trillion, Rivers And FCT Follow – Full Breakdown

Tax Titans: Lagos Generates ₦2.75 Trillion, Rivers And FCT Follow – Full Breakdown

Lagos State has retained its position as Nigeria’s leading contributor to Value Added Tax (VAT) revenue in 2024, recording a staggering ₦2.75 trillion, representing 54% of the country’s total non-import…Tax Titans: Lagos Generates ₦2.75 Trillion, Rivers And FCT Follow – Full Breakdown

VAT earnings.

According to data published by Agora Policy, a Nigerian think tank, Rivers State secured the second spot with ₦832.69 billion, while the Federal Capital Territory (FCT) ranked third with ₦303.64 billion.

Oyo State came fourth with ₦272.41 billion, and Kano State rounded off the top five with ₦77.76 billion.

Meanwhile, the remaining 33 states contributed just 19% of the total VAT revenue. Delta State led this group with ₦73.39 billion, while Imo State recorded the lowest contribution at ₦4.38 billion.

Agora Policy’s detailed analysis sheds light on the varying contributions of states to the national VAT pool and highlights Lagos’ significant dominance.

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